This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug compounds. It serves as a key intermediate in the creation of molecules that target specific biological pathways, often in the development of treatments for neurological disorders or cancer. Its unique structure allows it to interact with various enzymes and receptors, making it valuable for designing inhibitors or modulators in medicinal chemistry. Additionally, it is used in organic synthesis to build more complex heterocyclic compounds, which are essential in the discovery of new therapeutic agents. Its applications are largely confined to laboratory settings, where it contributes to the advancement of drug discovery and chemical innovation.